KB Financial Group (NYSE:KB) Share Price Passes Above 200 Day Moving Average – Time to Sell?

KB Financial Group Inc (NYSE:KB) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $95.29 and traded as high as $109.95. KB Financial Group shares last traded at $108.90, with a volume of 158,824 shares trading hands.

Analyst Ratings Changes

KB has been the subject of a number of analyst reports. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, KB Financial Group has a consensus rating of “Moderate Buy”.

KB Financial Group Trading Up 2.8%

The firm has a market capitalization of $40.60 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.65 and a beta of 1.06. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50-day simple moving average is $105.32 and its 200 day simple moving average is $95.29.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $3.40 EPS for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 10.00%. The business had revenue of $3.28 billion during the quarter. Equities analysts expect that KB Financial Group Inc will post 11.93 earnings per share for the current year.

Institutional Trading of KB Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of KB. AQR Capital Management LLC bought a new stake in shares of KB Financial Group during the first quarter worth $300,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of KB Financial Group during the first quarter worth $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of KB Financial Group by 53.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock worth $5,230,000 after buying an additional 33,650 shares during the last quarter. Jane Street Group LLC grew its stake in shares of KB Financial Group by 64.3% during the first quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock worth $1,414,000 after buying an additional 10,225 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of KB Financial Group by 66.4% during the second quarter. Cetera Investment Advisers now owns 8,584 shares of the bank’s stock worth $709,000 after buying an additional 3,425 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.